Insider Buying: YuMe Director Purchases 4,600 Shares of Stock (YUME)
YuMe (NASDAQ:YUME) Director Daniel D. Springer purchased 4,600 shares of YuMe stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was purchased at an average cost of $5.19 per share, with a total value of $23,874.00. Following the completion of the acquisition, the director now directly owns 100,000 shares in the company, valued at approximately $519,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on YUME. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of YuMe in a research note on Thursday, August 14th. They now have a $6.00 price target on the stock, down previously from $7.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of YuMe in a research note on Thursday, August 14th. They now have a $8.00 price target on the stock, down previously from $10.00. Finally, analysts at Piper Jaffray reiterated an “overweight” rating on shares of YuMe in a research note on Thursday, August 14th. They now have a $8.00 price target on the stock, down previously from $10.00.
Shares of YuMe (NASDAQ:YUME) opened at 5.28 on Monday. YuMe has a 1-year low of $4.72 and a 1-year high of $12.08. The stock’s 50-day moving average is $5.71 and its 200-day moving average is $6.19. The company’s market cap is $172.4 million.
YuMe (NASDAQ:YUME) last announced its earnings results on Wednesday, August 13th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.11) by $0.19. The company had revenue of $40.40 million for the quarter, compared to the consensus estimate of $41.50 million. Analysts expect that YuMe will post $-0.13 EPS for the current fiscal year.
YuMe, Inc is engaged in providing digital video brand advertising solutions. Its technologies serve the specific needs of brand advertisers and enable them to find and target large, brand-receptive audiences across a range of Internet-connected devices and digital media properties.
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